By Lindsay Lorenz
PBN Staff Writer
BankNewport recently presented a $1,200 donation to the Oliver Hazard Perry Rhode Island organization, which will put the money toward the ongoing construction of Rhode Islandâ€™s official sailing education vessel, the SSV Oliver Hazard Perry.
The vessel, which is currently under construction at Senesco Marine in North Kingstown, will be the first oceangoing, full-rigged ship to be built in the United States in more than 100 years. Its mission is to be Rhode Islandâ€™s flagship nonprofit maritime campus, offering experienced-based learning opportunities to a diverse student population, including those with disabilities.
â€śBankNewport is proud of its long partnership with the Oliver Hazard Perry Rhode Island organization,â€ť said Leland R. (Lee) Merrill, Jr., the bankâ€™s executive vice president, commercial lending. â€śWe commend their unwavering commitment to construct this sailing school vessel, a significant economic development, educational and cultural benefit for Newport and the state.â€ť
The bankâ€™s donation was based on the total number of boat loans originated between March 2012 and December.